Bitcoin Takes a Hit Today
BTC drops 3.29% to $65,664 as selling pressure intensifies across the crypto market.
Fear & Greed Index: Extreme Fear
Market sentiment plunges to just 11/100, signaling extreme fear among crypto investors.
What’s Driving the Drop?
Panic selling creates a feedback loop. When fear dominates, traders sell, pushing prices lower.
Historical Context Matters
Extreme fear often presents buying opportunities. Past dips at these levels preceded recoveries.
Key Level to Watch: $65K
Bitcoin hovers near critical support. A break below could trigger more selling; holding may signal strength.
Smart Investor Moves
Don’t panic sell. Review your strategy, consider dollar-cost averaging, and think long-term.
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About the Author: Ananya Melhotra
